Deals
Burger King Leads 2010 LBOs Coming to Loan Market to Cut Costs
This article is for subscribers only.
Companies that borrowed to pay for leveraged buyouts last year are returning to the loan market, taking advantage of the biggest rally in more than a year to refinance debt and cut costs.
Burger King Holdings Inc., taken private by 3G Capital for about $4 billion in October, Interactive Data Corp., acquired by Silver Lake and Warburg Pincus LLC in July, and TransUnion Corp., owned by Madison Dearborn Partners LLC, are leading borrowers seeking more than $4 billion of loans this week to replace LBO financings, according to data compiled by Bloomberg.